Turnkey Midtown West Condo Investment – 424 West 49th Street
Asking Price (Per Unit): $2,000,000 – $2,295,000
Units Available: 2 (Out of 9 Total Units)
Sale Type: Investment or Owner Use
Property Type: 2-Star Mid-Rise Residential Condominiums
Location: Hell’s Kitchen / Midtown West – Manhattan CBD
Gross Building Area (GBA): 10,050 SF
Stories: 5
Building Height: 65 ft
Class: C
Rent Type: Market Rate
Status: Active – For Sale
Property Overview:
424 West 49th Street presents a unique opportunity to acquire two residential condominium units in a boutique mid-rise building located in the vibrant Hell’s Kitchen neighborhood. Ideal for investors, live/work buyers, or 1031 exchange candidates, these units are situated in a well-maintained, 5-story walk-up with just nine residences, offering privacy and charm in the heart of Midtown West.
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Investment Highlights:
- Flexible Ownership Options: Perfect for either investment or owner-occupancy
- Efficient Building Scale: 9-unit property with low turnover and manageable operating costs
- Full-Floor Residences: Units feature generous layouts and are ideal for high-end rental or private use
- Prime Location: Situated in a high-demand neighborhood with proximity to the Theater District, Hudson Yards, and Columbus Circle
- Solid Market Appeal: All units are market-rate with long-term upside potential
Location Benefits:
- Located between 9th and 10th Avenues in a culturally rich, transit-accessible area
- Walking distance to Central Park, Times Square, and major office and retail corridors
- Near multiple subway lines including the A/C/E, N/Q/R/W, and 1 trains
Summary Metrics:
- Units for Sale: 2
- Pricing Range: $2,000,000 – $2,295,000
- Building Size: 10,050 SF
- Typical Floor: 2,650 SF
- Stories: 5
- Units in Building: 9
- Zoning: Residential – Market Rate
Conclusion:
The condos at 424 West 49th Street offer a compelling opportunity to secure residential space in one of Manhattan’s most energetic and evolving neighborhoods. Whether for income-producing investment or as a sophisticated residence in Midtown West, these units represent a blend of charm, location, and long-term value.
Contact us today for offering plans, rent rolls, or to schedule a private showing.
